Provide policy recommendation that would mitigate the impact

Reference no: EM133673063

Discussion Post: Business Finance- Management

You identified risks and discussed possible mitigations. Once risks are identified, the next step is to determine how likely these risks are to happen, and why.

Review the tasks in Domains III: Risk Analysis and Domain IV: Risk Response, of the PMI Risk Management Professional (PMI-RMP) Examination Content Outline and Specifications.

Respond to the following in a minimum of 175 words:

Select one task from Domain III and one task from Domain IV. Explain why that task is important to the overall project risk planning. What tools or resources could assist with each task?

Assignment

Read the Sandora Company Case Study (Kerzner, 2022).

You are assigned to replace the existing project manager in charge of the Sandora product line. You understand there are issues with outsourcing manufacturing to overseas suppliers, which have been exasperated by current business and political conditions. Your first assignment is to perform a risk analysis on the existing project based on the enterprise environmental factors identified by the consulting company in the case.

Assume the product cost of goods sold (COGS) is $100, the retail price is $500, and the consumer demand is approximately 1,000 units per day. With full staff and inventory, Sandora can build 1,500 units per day running 3 shifts.

Write a 2- to 3-page risk analysis and remediation/risk reduction plan describing your findings and your plan as you would present it to management stakeholders (C-level, division heads, etc.). Do the following in your risk analysis and remediation plan?

A. Summarize the possible risks identified.

B. Based on these risks, assess the value and potential impact to the organization.

C. Indicate which metrics might be useful in this scenario.

D. Provide policy recommendations that would mitigate the impact of these risks, and explain how you would convert these policies into processes.

Review Domain III and Domain IV in (PMI) Risk Management Professional (PMI-RMP)® Examination Content Outline and Specifications.

Reference no: EM133673063

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